Links 3rd August

My brain is full of central bankers….check out this table of overnight moves if you can’t wait for DFM’s wrap – you wont believe what it was before Draghi opened his gob:

Global Macro:

•  The most bullish bearish bullish indicator indicates bullishness amidst bearishness FT Alphaville its the bear/bull anti-bear paradox
• Your 119 billion Google searches now a central bank tool Bloomberg maybe they could learn about what caused the GFC first? thats gotta be on the interweb somewhere..

North America:

• US stocks fall for 4th day as ECB disappoints Bloomberg
• As US economic data continues to weaken Reuters 
• GM profit slips 41% on European operating loss Guardian

Europe:

•  Was the ECB’s Draghi really a disaster? FT Alphaville yes! Chart from Zero Hedge says all
• Draghi delivers say Ambrose Guardian like poo on doorstep delivers?
• Some great graphics from Scotty Barber at Reuters
• Switzerland is turning into a hedge fund with a small country attached Reuters is this wrong somehow? Lovely place to work and live

Asia:

• Japan Airlines posts big profit after bailout in 2010 BBC
• Apple in China The Economist urge to buy iPhone rising

Local:

• Stupidity mate! CommBank has a brain fart with bomb ad ideas AFR stick with what you know fellahs
• Fund managers have a whinge that people dare try to run their own money The Cupboard stick to losing your own money fellahs
• ASIC to crackdown on HFT traders AFR (locked)
• BOQ BOQ! Cracking down on bad debts generated by branch managers AFR (locked) bring back kneepads when getting a loan – that’ll stop your bad debts
• Droughts in the US could effect QBE earnings on insurance claims The Cupboard (locked) earnings season has quietly begun btw